Adult Caregivers Employee Resource Group: The Growing Costs of Caregiving

Date: April 9, 2024

American Association of Retired Persons (AARP) estimates that family caregivers spend about $7,242 annually on caregiving activities, which is about 26% of their income. Caregivers approaching retirement face many uncertainties. From knowing if they’re properly invested to ensuring that their loved ones will be taken care of and still be able to meet their needs. Retiring presents many choices and they want to make the right decisions.

Join us for a discussion with Ethan Cramer from Michigan Financial Companies on the growing costs of caregiving. He will offer suggestions and tips to prepare for caregiving in retirement.

Learning Objectives

  • Explore the average cost of caregiving
  • Local resources for caregiving  
  • How to prepare financially for long-term caregiving 
  • Preparing for long-term commitments